for those selling their property

[plantsnobin]

I was just wondering if we could compare prices for land around the planet, so to speak. Has the housing market crashed where you live, and what kind of property taxes do you have to pay? What about state sales tax rates? If my town/county keeps going the way it is, I would be willing to move. Just don't know where to. I'll start by saying this about my area. Population of entire county is about 20,000. State sales tax is 7%. Property taxes have gone down this year, by about half for us. Taxes were about $775 for an assessed valuation of $164,000. We have two acres and a 2650 sq ft house we built in 2001. There are virtually no decent paying jobs around here. My husband is in construction, but does more commercial work than for individuals. Our oldest daughter recently was looking at 10 acres, dilapidated house with electric service to it, maybe a well, and it appraised for $7500 an acre. Total nonsense. What does wooded land go for in your area? Is there even any wooded land left?? I'm thinking maybe I should learn French and move north.....

[bluelacedredhead]

That's Cheap!!! Stay where you are...

Provincial Tax here is 8% with Goods and Service Tax (federal) on top of that, making most purchases 13%. Some provinces, like New Brunswick and Nova Scotia are higher.

Gas is down right now to about $4 a gallon, from well over $5 a gallon a few weeks ago.
I spend a third of my paycheque just driving to and from work.

Acreage?? Well, we have lots of acreage, but the problem is, a survey is about $10,000 on a property this size (just over 40 acres). And to sell lots, Each of them must have a Drilled well and a Septic, making the lot approx $30,000 before it's sold...

Your property taxes are like something out of the 1960's by our standards.

Maybe Michel can give you a better indication of property taxes in a built up area?? I live in a very depressed area with more tourists on the voters list than permanent residents. It's something like 2,000 property owners with less than 900 permanent residents....And people wonder why I'm depressed? LOL

Housing lots in town are going for $90,000 +

[cff]

Indiana sounds like the place to live - or maybe Missouri

NC has one of the highest gas tax in the Nation. Gas has been hanging slightly over $4.00 a gallon for awhile but has slowly started to drop this week. Diesel fuel is still over $4.00.

We also pay a 7% sales tax.

Taxes on the farm (under a farm tax shelter) for 30 acres, and a small farm house this year = $4,800 and we've already been told to brace ourselves for next year's re-assessments. The tax shelter saves me about $1,700 in taxes that I would have to pay if I were not in the farm program.

Land in our area starts at $20.000 an acre and goes up drastically depending on how close you are to Charlotte's outer belt loop or area lakes. $30.000 an acre is common. I don't have a clue what the population is but I would sure like it to be one less.

[landarc]

Come on out here, last I time heard any numbers, land was somewhere around $2 million an acre here, if there are no houses on it. Slap a 3 bed/2 bath house on 1/8th acre and the prices can go up.

[canadamike]

The price around here would roughly be the same than yours, plantsnobin,for a 10 acres lot. And roughly the same for a much bigger one too. Lots around this size are sold as quasi residential. Acreage has gone through the ceiling recently because of the grain shortage. acreage around here that was going for 2500$ is now 4-5000$ depending on drainage. Houses here are smaller, a 2600 sq.f. would be in the 300,000, closer to 400,000$, but in very good shape. Of course, in the country, far from everything, it is different. A place where there is no market per say would see much lower prices.

Our construction standards and yours are also very different, much, much more demanding here, especially because of our snow load and the cold in winter. I have built log homes in New-England and was amazed at how non demanding the standards were. My friend and I bought shoes in a retail outlet made of logs, and we could talk to each other and see our faces through the open cracks between the logs in the wall. He was outside, I was in, and we had a conversation through the wall, I even gave him a cigarette. Something like that here is unthinkable. It would have to be fixed or the property would be seized.

The last 2 tornadoes in my city did only small collateral damage, mostly caused by flying objects. And shingles of course. The assembling is very strictly controlled, down to the numbers of nails, re-inforcements at all openings etc...

My house is 1900 square feet and it is worth 320,000$, 340,000$ once the basement is finished. average price of a house in Canada is 326,000$, but the big cities and especially Vancouver and Toronto ( and now Calary) are responsible for such a high average.

[moonlilyhead]

My taxes yearly (here in Arkansas) are about $425 for four, 50 x 150 feet lots (not sure how much that is in terms of acres, probably not even an acre) and a small, 650 sq foot house; however, with the Homestead Credit, I pay none of that tax. Supposedly, Arkansas is doing fine in light of the housing crisis. A lake front home goes for about $250,000 here, while you can get a nice farm or wooded piece of land with a house for under $100,000.

[bluelacedredhead]

Tell me about it Moonie! I was looking at properties online this afternoon in the Mena area...There's a fixerupper there that I'd be more than happy to live in. It's been waiting for me for 6 months or so, but it's just a pipe dream at this end. I really need to move closer to my Grandbabies first before I get on with the plan to go south.

[moonlilyhead]

I bet it is going for a really good deal, too, Blue. The Mena area gets some tourist dollars for the Whilhemena park and lodge, but not enough to jack up housing prices. You should check prices closer to Hot Springs!

[ohiorganic]

IN SW Ohio land seems to be going for around $5000 an acre sales tax is 7% land taxes are $900 a year for our 9 acres which has been assessed at $88K and under CAUV. But land taxes under CAUV will go up about 25% next year as Ohio is going broke and is raising taxes wherever they can. each county has their own tax rate for land and the county in which I live is one of the cheapest in the state because it is an agricultural county. The more urban counties charge about 3x more for property tax. Friends that live to the county to the south pay around $5K a year for 20 acres

There are no jobs around here and lots of jobs leaving the area. Lots of foreclosures (Dayton OH is something like #4 in the USA for foreclosures. So I guess if one wants to live in an urban area one can get housing very very cheaply)

There is good land and if one wants to make their living off of the land there are some excellent markets that will stay stable for the foreseeable future as they are all in college towns and I don't think universities will be closing down because of this economic crap going on)

[johno]

I haven't been keeping up with this sort of thing over the last year or two around here, though I was really up on it when I was in the construction business up until then. The last compant I worked for built the most new homes in the area of any builder. Those were all very similar mid sized 3 bedroom, 2 bath and sold for about $150,000.00. Land was going anywhere from $1,000 an acre on up. Commercial land as high as a million. building has really slowed to a crawl, but prices haven't seemed to drop as much as elsewhere.